Augusta Gold Corp T.G

Exercise of Remaining Warrants in Augusta

[Bottomfisher]

09:36 AM EDT, 05/27/2021 (MT Newswires) -- Southern Empire Resources Corp. (SMP.V) on Thursday reported the exercise of 100% of its Augusta Gold Corp. (G.TO) share purchase warrants.

After giving effect to the exercise, Southern Empire holds about 2.8 million shares of Augusta, representing roughly 3.9% of the issued and outstanding shares of Augusta.


On last look on Thursday, Southern Empire Resources' shares edged up 2.2%, while Augusta Gold remained unchanged in trading in Canada.


Southern Empire Resources' shares fell 2.3% in Canada yesterday, while its shares fell 3.1% in early Frankfurt trading on Thursday. Augusta Gold, whose shares dropped 3.7% in Canada yesterday, saw its shares drop 3.6% in early Frankfurt trading on Thursday.


With a current fair value of approximately $5.7 million, Southern Empire's holdings in Augusta equate to about 48% of the market capitalization of Southern Empire.


Southern Empire plans to be a long-term holder of Augusta as they further explore and develop their 3,157-hectare land package that includes the Bullfrog and Montgomery-Shoshone gold deposits in the prolific Bullfrog mining camp located near Beaty, Nev.

[Gold_Bullion]

48% of their market cap. That's conviction. Southern Empire's strategic advisor, Bryan Slusarchuk, knows that Augusta Gold is going much higher. He's k92 mining (~$2B) founder. His K92 asset came from Barrick just like the Bullfrog asset. He knows =P https://twitter.com/SluzCap/status/1303847451862773760

[Haddaddy]

Why did Maryse step down?? Makes me a little bit nervous her tenured was so short lived  

[Gold_Bullion]

personal reasons. NOT because there's no ore. The only thing I call to question is if the team is serious about building the mine anymore or if they're mainly focused on exploration upside. 

[Haddaddy]

She came in, changed the name and then left lol. Brought her team from Atlantic for a 3 month stint and then they were all gone in February.   If Corvus is going to be the first build permit then we're doomed for a mine site. First one permitted gets all the gold.

[Gold_Bullion]

I guess it never occurs to anyone that she may have stepped down to protect the company

[Haddaddy]

Nope never. What you mean?

[Bottomfisher]

Did Augusta Group ever build a mine ?

[wealth2015]

you need to do some research to understand what  you own if you are shareholder, or just move on!!

[Golder007]

the board and current mgmt is hiding skeletons. thats why maryse left so soon. a massive lawsuit was filed against the board and the company isnt even telling the shareholders about it, no disclosure in financials. it could take the company down when (not if) they lose it. 

[Gold_Bullion]

Golder007, What's the subject of the lawsuit? They have some of the best lawyers in Canada on the board. Imagine they're on the ball.  Maryse's former company, Atlantic Gold, experienced 32 environmental charges surfacing after she joined Augusta's Bullfrog during her tenure as president & COO. My thought is she's not fit 'ESG'wise if you want the BlackRocks

[wealth2015]

I googled Augusta Gold and supposed big law suit agaist it = BIG NOTHING!!!! go hide bihind your rock

[Gold_Bullion]

Confirmed your claim is a lie Golder007